COLD WAR ERA
IMPACT OF COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ronald Reagan’s economic policy focused on:
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tax cuts.
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high tariffs.
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government spending on welfare.
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empowering unions.
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Explanation:
Detailed explanation-1: -In 1981, Reagan significantly reduced the maximum tax rate, which affected the highest income earners, and lowered the top marginal tax rate from 70% to 50%; in 1986 he further reduced the rate to 28%.
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